Investments

The post-election rally in banking stocks has given certain buyers the ability to make acquisitions that would add to tangible book value, perhaps making it easier for them to pursue more deals.

The investors suing PayPal, who seek class-action status, say the company served as the payment processor for about $134 million in investments in Traffic Monsoon. They’re seeking at least $5 million in damages.

Second settlement of the week pushes recoveries by the regulator from MBS suits to $5.1 billion.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.

Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.

After such a period of collective euphoria following the November election, how does the manager of a large institution explain a declining stock price to investors?

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

The payout for 2016 brings CO-OP's total patronage to nearly $400 million since 1996.

Wealthfront is the first of the tech-powered financial advisers to offer securities-based lending. It will compete with the likes of Wells Fargo and Morgan Stanley.

B of A, JPMorgan and Citi beat trading estimates unlike Goldman Sachs, but the investment bank still doubled its quarterly profits.

On Dec. 31, 2016. Dollars in thousands.

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.

A carve-out that shielded billions of dollars in collateralized loan obligations from Dodd-Frank's risk-retention mandate could work against banks and other CLO managers if Dodd-Frank is overhauled.

Access to banking information ensures advisors can perform holistic planning, fintech firms say.

Triumph Bancorp in Texas agreed to sell its CLO management firm just months after new risk retention rules kicked in.

Policymakers speak of expanding consumer choice, but for the vast majority of borrowers and investors, standardizing choices that make the most financial sense has greater merit.

Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs.

U.S. regulators rejected an exchange-traded fund based on bitcoin, wiping out weeks of gains for the digital currency as investors speculated the Securities and Exchange Commission would approve the security.